Alamo Group (ALG) FY2013 results: revenue $682 million, up 7.7% on the year
Alamo Group Inc. (ALG) reported revenue of $682 million for fiscal 2013, the year ended 31 December 2013, up 7.7% on the year before. Net income was $36 million, up 24.9%, and diluted earnings per share $2.96. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2014.
Revenue
$682 million
+7.7% on the year
FY2009FY2013
Operating margin
7.4%
7.2% a year earlier
FY2009FY2013
Net income
$36 million
+24.9% on the year
FY2009FY2013
Diluted EPS
$2.96
+23.3% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
682
633
604
+7.7%
Cost of revenue
524
490
469
+7.0%
Gross profit
159
144
135
+10.5%
Gross margin
23.2%
22.7%
22.4%
Selling, general and administrative
108
97.5
92.3
+10.5%
Operating income
50.7
45.3
49.5
+11.9%
Operating margin
7.4%
7.2%
8.2%
Interest expense
1.2
1.6
2.4
-28.3%
Pre-tax income
51.4
43.4
48.1
+18.3%
Income tax
15.3
14.5
15.4
+5.2%
Effective tax rate
29.8%
33.5%
32.1%
Net income
36.1
28.9
32.7
+24.9%
Net margin
5.3%
4.6%
5.4%
Diluted EPS
$2.96
$2.40
$2.73
+23.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
31.6
51.3
10.7
-38.3%
Capital expenditure
13.6
4.7
5.8
+193.1%
Free cash flow
18.0
46.6
4.9
-61.4%
Free cash flow margin
2.6%
7.4%
0.8%
Cash from investing
-14.2
-4.1
-11.9
Cash from financing
-2.5
-9.9
-19.1
Depreciation and amortisation
8.9
9.9
10.4
-10.6%
Share-based compensation
1.5
0.9
1.0
+59.7%
Buybacks
0.0
0.0
n/a
Dividends paid
3.4
2.9
2.8
+18.1%
Dividend per share
$0.24
$0.24
$0.24
0.0%
Diluted shares, weighted
12m
12m
12m
+1.3%
Shares outstanding at period end
12m
12m
12m
+0.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
350
310
277
+12.9%
Debt
0.4
0.1
9.8
+262.7%
Other liabilities
87.6
93.9
93.8
-6.8%
Total liabilities and equity
438
404
381
+8.4%
Fixed assets
61.9
56.8
62.1
+9.0%
Goodwill
32.1
31.6
31.8
+1.3%
Intangible assets
5.5
5.5
5.5
0.0%
Cash and equivalents
64.0
48.3
10.3
+32.4%
Receivables
151
140
144
+7.9%
Inventory
109
109
114
+0.3%
Other assets
14.5
13.1
13.0
+11.2%
Total assets
438
404
381
+8.4%
10-K for the year ended 31 December 2013, filed 11 March 2014: the filing.